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Employers should be required by law to set aside a portion of workers' pay in retirement accounts, says Laurence Fink, CEO of BlackRock. "The current system is not working and we need a comprehensive approach that includes some form of mandatory savings in addition to Social Security," he said this week.

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Central banks are keeping interest rates low without considering the effect on insurance companies and pension funds, BlackRock CEO Laurence Fink says. "Society has given our central bankers worldwide the responsibility for macro-prudential risk, all the risk in the system, not just the risk in the banking system," Fink said at a conference.

BlackRock CEO Laurence Fink says his company is "a huge supporter" of the Department of Labor's proposed fiduciary rule. Fink said the rule, though likely to change before becoming final, has the potential to shift money into passively managed funds, benefiting BlackRock.

Americans need a national retirement-savings plan, probably mandatory, in order to keep retirees afloat financially during what have become increasingly longer lifespans, BlackRock CEO Laurence Fink writes. Such a plan could provide extra income alongside Social Security, he writes. "We need to make the retirement crisis our No. 1 national priority -- and pursue a comprehensive solution that allows people at all income levels to benefit from being investors," Fink writes.

Americans face an enormous "savings gap" when it comes to retirement, says BlackRock CEO Laurence Fink, and their greatest risk is staying on the investment sidelines. "Cash is risk-free but the cost of inaction may be far greater," Fink says. "So if you're 42 years old and not investing for your retirement, that cost is compounded."